It is important to remember that in purchasing pet insurance with a low excess, you may be expected to pay more for your monthly premiums. Furthermore, if your pet is over a certain age (usually 8, but this can vary among providers) or has pre-existing conditions, you may find it harder to find a pet insurance policy with low excess.
The following factors can all affect the price of pet insurance and the amount of excess you may be required to pay:
- The age of your pet
- The breed of your pet
- Your pet’s previous medical history
- Your location
As you compare pet insurance quotes, you may come across the following different types of policy:
Covers you for up to a certain amount per condition for up to 12 months per condition, after which the condition would be excluded.
Maximum benefit policies
Covers conditions up to a maximum amount; there is no limit on how long you can claim for a particular condition, but a limit to the amount of claims on the policy as a whole.
Covered for life policies
Covers veterinary fees for up to a certain amount each year, which renews every year.